Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Wednesday 17 June, 2009

BAVARIA Industriekapital AG

ThyssenKrupp Sofedit sells site at Auxi-le-Châ...

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this 

Guyancourt,  17  June  2009  -  BAVARIA's  purchase  of  ThyssenKrupp
Sofedit's Auxi-le-Château site was concluded  and is effective as  of
March 1, 2009.  The automotive  equipment maker, which is  refocusing
on its  core businesses,  wanted to  sell its  Auxi-le-Château  site,
specialised in manufacturing  pulleys. The  site, which  has been  in
operation since 1917,  has developed  market-recognised expertise  in
designing and manufacturing pulleys for internal-combustion engines.

The buyer is providing reliable, lasting guarantees of the business's
long-term continuity  and  plans  to  reorganise  production  at  the
currently unprofitable  site. To  give the  project every  chance  of
success,  ThyssenKrupp   Sofedit's   management   has   announced   a
recapitalisation. The job-saving plan currently underway at the  site
will be pursued by BAVARIA Industriekapital AG, with the same support

Frans-Joris  Espeel,  President,  ThyssenKrupp  Sofedit,  said:  "The
BAVARIA Industriekapital AG  group has a  solid experience of  taking
over industrial operations and I am sure its expertise will enable it
to successfully carry out  its plan with  the site's employees  while
maintaining good relations with the customers and suppliers".

The BAVARIA  Industriekapital  AG  group has  made  a  speciality  of
acquiring and  turning  around  ailing  companies.  Headquartered  in
Munich,  Germany,   it  is   specialised  in   industrial   equipment
manufacturing businesses. Its chairman, Mr Reimar Scholz, said of the
Auxi-le-Château site: "We  were impressed by  the professionalism  of
the teams,  the highly  technical  nature of  the products,  and  the
geographical location of the Auxi-le-Château site, which is close  to
the vehicle manufacturers. We are confident in our ability to restore
a positive dynamic, despite the difficult economic situation, so  the
site returns to profitability".

ThyssenKrupp Sofedit S.A.S., a  subsidiary of the ThyssenKrupp  Steel
group, manufactures body-in-white, chassis  and engine parts for  the
automotive industry. ThyssenKrupp Sofedit's expertise encompasses the
development,  simulation  and  production   of  parts  and   systems.
ThyssenKrupp Sofedit bases its growth on its ability to innovate  and
develop new technologies, such as hot stamping. ThyssenKrupp  Sofedit
S.A.S. recorded revenues of Euro 490 million in 2007-2008 and employs
2000 people in France.

BAVARIA Industriekapital AG  is an industrial  holding company  which
acquires  low-profit  companies  throughout  Europe.  Through  active
restructuring and revitalization management it ensures the  long-term
success of  the companies  acquired.  The majority  of the  stock  of
BAVARIA Industriekapital AG is family-owned and the company has  been
listed on the  Entry Standard  All Share  Index of  the German  Stock
Exchange since  2006.  At  present BAVARIA  Industriekapital  AG  has
holdings in eleven companies and around 3,000 employees. In 2008  the
group turnover amounted to Euro 485  million and the group profit  to
Euro 23 million.
For additional  information  about BAVARIA  Industriekapital,  please
visit our website at

We would be pleased to answer any further questions you may have:

Frédéric    Paillet    -    +33    (0)1    58    47    96    92     -
[email protected]

BAVARIA Industriekapital AG
Svea Strohm
Bavariaring 24
80336 München

Phone: + 49 - (0)89/ 72 98 967-0
Fax: + 49 - (0)89/ 72 98 967-10
E-Mail: [email protected]

--- End of Message ---

BAVARIA Industriekapital AG
Bavariaring 24 München Germany

260555; ISIN: DE0002605557; 
Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in 
Bayerische Börse München, 
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, 
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische 
Wertpapierbörse zu Hamburg, 
Freiverkehr in Niedersächsische Börse zu Hannover;


a d v e r t i s e m e n t